Optimism rises for real estate price gains

By Steve RandallFont size :

The proportion of Canadians that believe home prices will be higher in six months has edged higher again. The overall weekly Canadian Consumer Confidence Index from Bloomberg and Nanos Research was unchanged for the week ending April 22 and the overall expectations index was lower; but there was a slightly higher reading for real estate prices.

“Sentiment remains marginally positive – being above the 50-point mark and marginally above the 2016 average confidence score in the Index,” said Nanos Research Group Chairman Nik Nanos.

Regionally, Ontario, BC and the Prairies saw increased overall confidence and nationally, homeowners were generally more optimistic than renters. Along with real estate prices, there was also growth in positivity for personal finances including mortgages.

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